Explore BrainMass
Share

Risks to the revenue and collection cycle

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Explain some risks to the revenue and collection cycle that are the result of improper revenue collection.

© BrainMass Inc. brainmass.com December 20, 2018, 11:31 am ad1c9bdddf
https://brainmass.com/business/accounting/risks-to-the-revenue-and-collection-cycle-565209

Solution Preview

When improper revenue amounts are reported as income, the risks are that

1. Revenue is overstated (or even understated) and usually the result of a timing issue or cut-off problem.
2. Revenue ...

Solution Summary

The solution provides a listing of seven types of problems or risks when revenue is improperly reported.

$2.19